Firstly, congratulations to President-elect Obama. He ran an excellent campaign and deserved to win. Obama managed to win without the youth vote (18% of voters were ages 18-29; in 2004 that number was 17%).
Secondly, the democrats most likely will not control 60 or more seats in the Senate. CNN is projecting that republicans control 40 seats, with 4 races still undecided (Georgia, Minnesota, Oregon, & Alaska). It is likely that at least one republican will win one of those races. Though their losses have been severe, republicans should breathe a sigh of relief that the democrats will not have a filibuster-proof majority in the Senate. It is also possible that Joe Lieberman will leave/be kicked out of the Democratic caucus, becoming an independent or republican.
In addition, North Carolina now has its first female governor, Beverly Perdue, the former Lt. Governor. North Carolina’s governership has been held by a democrat for 88 years in the past 100.
Though all precincts are reporting, North Carolina has not declared a winner of its electoral votes. Obama is up by approximately 12,000 votes, and provisional ballots are being counted before the election is certified.